Eurizon launches the first green bonds fund managed by an Italian firm
Eurizon has launched the Eurizon Fund – Absolute Green Bonds, the first international absolute return bond markets strategy managed by an Italian asset manager.
Eurizon Fund – Absolute Green Bonds is a sub-fund that selects bonds – mainly investment grade bonds – using the criteria defined by the GBP (Green Bonds Principles) in order to support the growth of investments with Green environmental issues to combat climate change, manage the consumption of natural resources in a sustainable way, control and decrease pollution, etc.
The path undertaken by Eurizon is in line with that drawn by Intesa Sanpaolo, which launched the first green bond issued by an Italian bank in June 2017, the Intesa Sanpaolo’s Green Bond.
Massimo Mazzini, head of Marketing and Business Development at Eurizon, said: “Eurizon’s range of offerings in compliance with ESG criteria has been extended since March 2017. We continue to study new business proposals focused on these types of investments, both on the equity and bond markets, in the belief that the creation of long-term value for our investors goes hand in hand with the support for the development of a substantial and sustainable economic system.
“The financial community is becoming increasingly aware of the part it can play in combating climate change and improving the quality of life. Indeed, March saw the approval of the Commission’s Action Plan for a greener and cleaner economy, the European Commission’s sustainable finance action plan that is part of the Capital Markets Union’s efforts to combine finance with the needs of the European economy to benefit the planet and society.”